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USDT does not run solely on Ethereum. Currently it's about 50:50 Ethereum and Tron (of all things!). https://wallet.tether.to/transparency https://wallet.tether
by bhaak 5y ago
USDT does not run solely on Ethereum. Currently it's about 50:50 Ethereum and Tron (of all things!). https://wallet.tether.to/transparency https://wallet.tether.to/transparency
USDC is likewise a multichain stablecoin (Ethereum, Stellar, Algorand, and Solana) but I couldn't find information on how much is on each chain.
- 22c 5y agoI'm also assuming that these transparency reports don't count when an asset has been bridged to another network. A big chunk of USDC and USDT floating around on smaller PoS networks have been bridged from ERC20, so would appear to be idling on ERC20 but could actually be exchanging hands on a completely separate network.